2709 W Valley Blvd, Alhambra, CA 91803

Property Description

The subject property consists of one building situated on a 0.05 acre parcel on Valley Boulevard, a major artery in Alhambra close to Interstate 710 and 10 in the San Gabriel Valley. It is less than a mile from both interstates and a short distance to Pasadena and downtown Los Angeles. The offering is located across from a motel and neighborhood shopping center and is also half a block from CVS Pharmacy and Jack In-The-Box. The subject property consists a retail storefront with a 2-bedroom/1-bathroom residential unit upstairs. The mix of both retail and residential space allows for a great cashflow hedge against inflation and vacancy. Nearly a half of a million dollars was spent to remodel the building. The renovations include a redesigned exterior and interior with hardwood floors in the apartment unit, granite countertops and a handicap accessible restroom downstairs in the retail storefront. This retail/residential building will provide steady cashflow even during an economic downturn. There are multiple retail and office uses, such as an attorney's office, accountant's office or a merchandise retailer. The subject property has great visibility together with strong demographics as well as great traffic counts in a prime Alhambra location.